Avantrust Launches Its Passport to Support Online Credit and Identity Decisions; Enables U.S. Customers to Transact in Global Markets.Business Editors
NEW YORK--(BUSINESS WIRE)--April 23, 2001
Avantrust, LLC (Logical Link Control) See "LANs" under data link protocol.
LLC - Logical Link Control , a joint venture of American International Group
American International Group, Inc. (AIG) (NYSE: AIG; TYO: 8685 ) is a major American insurance corporation based in New York City. , Inc. (NYSE NYSE
See: New York Stock Exchange :AIG AIG addressee indicator group (US DoD)
AIG American International Group, Inc
AiG Answers in Genesis (religious group in defense of Scripture)
AIG Artificial Intelligence Group
AIG Australian Industry Group ) and the Dun & Bradstreet Corporation (NYSE:DNB DNB Dictionary of National Biography
DNB Drum N Bass (music)
DNB De Nederlandsche Bank
DNB Dun & Bradstreet (stock symbol)
DNB Den Norske Bank
DNB David Nelson Band ), today announced the launch of the Avantrust Passport, an easy-to-use Web interface for verifying the identity and creditworthiness Creditworthiness
The condition in which the risk of default on a debt obligation by that entity is deemed low.
Eligibility of an individual or firm to borrow money. of trading partners. Designed for easy integration into seller sites and eMarketplaces, the Avantrust Passport empowers buyers and sellers to make more trusted buy/sell decisions with reduced risk and friction. Avantrust also announced the geographic expansion of its risk management and business information solutions, enabling U.S. customers to trade more safely with European and Asian buyers and sellers.
The Avantrust Passport provides an identity check, through Dun & Bradstreet, to verify that buyers and sellers are who they say they are. Avantrust's credit check functionality, which is incorporated into the Avantrust Passport, allows sellers to determine a buyer's creditworthiness and set appropriate credit limits.
Additional products and services that are available through Avantrust include:
- TradeCredit Insurance - to protect against buyer non-payment with AIG TradeCredit(R) insurance. - Website Security - to assess the security of an online trading environment and then insure it through AIG member companies. - Goods Inspection - to ensure that the right goods arrive by ordering an inspection from one of three leading global inspection companies. - Cargo Insurance - to protect against damage or loss of goods in transit with cargo insurance through AIG member companies.
Leveraging the founding companies' global leadership in insurance, risk management and business information, Avantrust solutions are now available for U.S. seller sites and marketplace participants to transact An earlier e-commerce system for the Web from Open Market that included order capture and secure order fulfillment using credit cards, ecash and other payment systems. It included customer service and subscription administration capabilities as well as an integrated database for reporting internationally with more confidence and trust. The company will continue expanding into additional geographic areas to help reduce risks and extend a uniform solution across borders.
"The Avantrust Passport and our continued global expansion enrich our initial product suite by enabling sellers, buyers, and marketplaces to make more confident online trading Online Trading
Making trades via the Internet.
The use of online trading increased dramatically in the mid to late 1990's with the advent of high-speed computers and Internet connections. Stocks, bonds, options, futures, and currencies can all be traded online. decisions, in more places around the world," said Gretchen Hayes, acting CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Avantrust and President of AIG eBusiness Risk Solutions. "With Avantrust, sellers can sell more online to more customers in more countries, with less risk and expense. Buyers can purchase more online--safely and accurately, at lower costs. And marketplaces can attract more buyers, sellers and transaction volume, while reducing risks and expenses."
For more information on Avantrust, please visit www.avantrust.com.
Avantrust (pronounced ah-vahn-trust) empowers companies to buy and sell more online by reducing the risks and frictions inherent in eCommerce. Formed in October 2000 by American International Group (NYSE: AIG) and Dun & Bradstreet (NYSE: DNB), Avantrust offers an integrated suite of insurance products, risk management services, technology and information offerings. Leveraging the two founding firms' trusted leadership in insurance, financial services The examples and perspective in this article or section may not represent a worldwide view of the subject.
Please [ improve this article] or discuss the issue on the talk page. , and business information, Avantrust provides innovative solutions for sellers, buyers and marketplaces. For more information, visit our Web site at www.avantrust.com.
American International Group, Inc. (AIG) is the leading U.S.-based international insurance and financial services organization and the largest underwriter of commercial and industrial insurance in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Its member companies write a wide range of commercial and personal insurance products through a variety of distribution channels in approximately 130 countries and jurisdictions throughout the world. Avantrust's insurance and risk management services are provided through AIG eBusiness Risk Solutions. AIG's global businesses also include financial services and asset management, including aircraft leasing, financial products, trading and market making, consumer finance, institutional, retail and direct investment fund asset management, real estate investment management, and retirement savings products. American International Group, Inc.'s common stock is listed on the New York Stock Exchange New York Stock Exchange (NYSE)
World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. , as well as the stock exchanges in London, Paris, Switzerland and Tokyo. For more information, please visit www.aig.com.
Dun & Bradstreet (NYSE:DNB), the world's leading provider of business information, has been enabling business-to-business commerce for nearly 160 years. D&B's information and technology solutions help businesses reduce credit risk, find profitable customers, manage vendors efficiently and collect cash and receivables. Businesses also use D&B's information and technology to authenticate (1) To verify (guarantee) the identity of a person or company. To ensure that the individual or organization is really who it says it is. See authentication and digital certificate.
(2) To verify (guarantee) that data has not been altered. and verify potential trading partners online, increasing their trust and confidence in e-Commerce transactions. That's why so many companies -- including over 90 percent of the Business Week Global 1000 -- rely on D&B as the most trusted source for information they need to make their business a success. For more information, please visit www.dnb.com.
* Insurance coverages are underwritten by AIG member companies. Products and service may not be available in all states. Issuance of insurance coverage is subject to underwriting Underwriting
1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt).
2. The process of issuing insurance policies. . Please see the policy for a complete description of its scope and limitations of coverage.